Barclays, one of the leading global banks, announced today that it has appointed Ee Ching Tay, the former Managing Director and Head of Southeast Asia M&A at JPMorgan, as the new Head of Southeast Asia Banking.
According to an official announcement, Tay will be responsible for the bank’s growth in Southeast Asia through a strategic focus on mergers and acquisitions (M&A). She will lead and cultivate the most senior client relationships of the bank in the region.
Tay has more than 25 years of experience in banking. She joined Standard Chartered as an Investment Banking Analyst in 1996 and worked with the bank for nearly three years in Singapore. Tay worked with UBS for more than 8 years in the US as Executive Director of mergers and acquisitions.
In her latest role at JPMorgan, Tay was leading the Southeast Asia M&A for the bank. She worked with JPMorgan for nearly 10 years and served several clients across different sectors.
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Commenting on the latest appointment, Vanessa Koo, Head of banking for Asia-Pacific and Greater China at Barclays, said: “Southeast Asia is strategically important to Barclays as a dynamic high-growth region. Indeed, Ee-Ching’s appointment demonstrates our continued commitment to invest for growth in areas where we see exciting opportunities, supporting Barclays’ regional and global businesses. Her extensive transactional expertise and deep local knowledge will bring substantial value to our clients.”
Barclays is planning to expand its presence in Southeast Asia through the latest appointment. The bank aims to grow its banking franchise structure in the region through the extensive experience of Tay. The newly-appointed head of Southeast Asia is taking the role from Sandeep Pahwa, who has led Barclays Southeast Asia banking since November 2010. Pahwa will continue to serve as the Vice-Chairman and Head of Asia-Pacific client coverage at Barclays.
Pahwa is an industry veteran with more than three decades of experience in international banking. He previously worked with Deutsche Bank, HSBC and JPMorgan.